The global metabolic rate analysis system market size is anticipated to reach US$ 6.1 Billion in 2022 and US$ 8.4 Billion in 2032. It is expected to grow at a fast pace by showcasing a CAGR of 8.0% in the forecast period from 2022 to 2032. The increasing prevalence of various lifestyle diseases worldwide is estimated to augment the demand for metabolic rate analysis systems in the near future.
| Report Attribute | Details |
| Metabolic Rate Analysis System Market Estimated Base Year Value (2021) | US$ 5.3 Billion |
| Metabolic Rate Analysis System Market Expected Value (2022) | US$ 6.1 Billion |
| Metabolic Rate Analysis System Market Anticipated Forecast Value (2032) | US$ 8.4 Billion |
| Metabolic Rate Analysis System Market Projected Growth Rate (2022-2032) | 8.0% CAGR |
Metabolism is a physical process and chemical reaction that includes maintenance of the living state, such as elimination of wastes, blood circulation, functioning of brain, contraction of muscles, controlling body temperature, breathing, and digestion of nutrients and food. It begins with a sequence of chemical reactions and ends with a product.
It includes various enzymes and molecules for the completion of the entire process. Enzymes play an important role in this process as these enable the organism to accelerate reactions for gaining the required energy. It is mainly of two types, namely, anabolism and catabolism.
Anabolism is referred to as the synthesis of all compounds required by the cell, whereas catabolism is considered to be the breakdown of molecules to get energy. The urgent need for metabolism rate analysis systems among people to determine their health and wellness is a major factor that is estimated to drive the market.
The rising prevalence of obesity across the globe is anticipated to boost the sales of metabolic rate analysis systems in the upcoming years. As per the World Health Organization (WHO), more than 1.9 billion adults above the age of 18 years were overweight worldwide in 2016. The same year, about 40% of women and 39% of men were overweight across the globe. These numbers are likely to surge in the near future, thereby bolstering the market.
In addition, the rising healthcare expenditure and the ongoing technological advancements are a couple of other factors that are projected to augment the growth. According to Eurostat, in 2019, France and Germany had the highest healthcare expenditure relative to GDP. Germany had generated 11.7% and France had procured 11.1 % of expenditure. Spurred by the above-mentioned factors, the market is set to grow at a steady pace.
The absence of favorable reimbursement policies, especially in underdeveloped and emerging economies may hinder the metabolic rate analysis system market growth in the assessment period.
Besides, the high initial cost of technologically advanced software solutions and equipment required for metabolic testing may obstruct their demand in future. Many start-up companies present in developing countries cannot afford to purchase these systems owing to their high cost.
The ongoing technological advancement in the healthcare sector is a significant factor that is set to augment the North America metabolic rate analysis system market share. The increasing cases of type 2 diabetes and cardiovascular diseases in the U.S. is another vital factor that is expected to drive the market.
According to the Centers for Disease Control and Prevention (CDC), nearly 37 million Americans suffer from diabetes and out of these, about 90-95% have type 2 diabetes. It most often develops in young adults, teens, and children. Driven by the high cases of diabetes in the U.S., the market in North America is anticipated to grow rapidly.
The increasing awareness about the significance of metabolic testing in developing countries, such as China and India is projected to bode well for the Asia Pacific metabolic rate analysis system market size. The high demand for superior-quality medical care, increasing disposable income, surging living standards, and the presence of a large patient pool are other factors that are expected to spur the market.
As per WHO, around 63% of deaths occurred in India in 2016 because of chronic non-communicable diseases. Out of these, approximately 27% occurred because of cardiovascular diseases. Thus, the growing prevalence of lifestyle disorders in India is anticipated to push the Asia Pacific market.
Some of the key players operating in the global metabolic rate analysis system market are Parvo Medics, Inc., CareFusion Corporation, AEI Technologies, Inc., COSMED, Microlife Medical Home Solutions, Inc., General Electric Company, Korr Medical Technologies, Inc., OSI Systems, Inc., Geratherm Medical AG, Cortex Biophysik GmbH, and MGC Diagnostics Corporation among others.
The global market is moderately fragmented with the presence of a few dominant companies. Most of these companies are increasingly focusing on collaborations and acquisitions to gain a competitive edge and strengthen their presence in the market. Some of the other key players are aiming to develop novel technologies by engaging in agreements, joint ventures, as well as research and development activities.
| Report Attribute | Details |
| Growth Rate | CAGR of 8.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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The global metabolic rate analysis system market is estimated to surpass US$ 6.1 Billion by 2022.
North America is anticipated to lead the metabolic rate analysis system market in terms of share.
Parvo Medics, Inc., CareFusion Corporation, AEI Technologies, Inc., COSMED, Microlife Medical Home Solutions, Inc., and General Electric Company are some of the renowned metabolic rate analysis systems manufacturing companies.
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Metabolic Rate Analysis System Market
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